Press Releases

Fossil Free Indexes Expands Parametric Portfolio Associates Offering with Additional Carbon-Responsible Investment Strategies

July 7, 2015
CONTACT: Lucy Di Rosa

NEW YORK – Fossil Free Indexes (FFI), a provider of financial research and products for carbon-responsible investing, has expanded its relationship with asset management firm Parametric Portfolio Associates to offer strategies based on FFI’s Carbon Underground Coal 100 and Carbon Underground Tar Sands 20 rankings. The rankings allow investors to implement strategies that are screened for firms holding the highest potential CO2 emissions in their reserves of coal and oil sands.

Parametric is now able to offer these Carbon Underground screens as additional options to their already-existing FFI offerings: the flagship Carbon Underground 200TM (CU200) which lists the 200 global public companies holding the highest CO2 emissions in their reserves of oil, gas, and coal, and the Fossil Free Indexes US (FFIUS), FFI’s fossil-free index based on the S&P 500 screened for the CU200.

Parametric’s head of Customized Responsible Investing, Jennifer Sireklove, commented: “Working with FFI has provided us with another great option to meet the needs of investors who want to go fossil free. The new offering recognizes that some investors prefer to discriminate among companies on the CU200.”

FFI CEO Christopher Ito noted: “We are delighted to deepen our relationship with Parametric. Since we first joined forces with them nine months ago, several governments, religious organizations, universities, and private investors around the world have committed to revising their investment strategies in response to increasing concerns about climate change. We are excited to empower investors of all types as they address the risks associated with investing in companies with large fossil fuel reserves.”

About FFI

Fossil Free Indexes provides benchmarks, research, and investment solutions that support carbon-responsible investing. FFI indexes and rankings are licensed for funds, ETFs, and separate accounts, as the basis for investable products and strategies.

About Parametric

Parametric, headquartered in Seattle, WA, is a leading global asset management firm, providing investment strategies and implementation services to institutions and individual investors around the world. Parametric offers a variety of rules-based, risk-controlled investment strategies, including alpha-seeking equity, alternative and options strategies, as well as implementation services, including customized equity, traditional overlay and centralized portfolio management. Parametric Clifton is the institutional business unit of Parametric, comprised of applicable sales and client services personnel across all of Parametric’s investment centers. Parametric is a majority-owned subsidiary of Eaton Vance Corp. and currently offers these institutional strategies through investment centers in Seattle, WA, Minneapolis, MN and Westport, CT. As of August 31, 2014, Parametric and its wholly-owned subsidiary, Parametric Risk Advisors LLC, managed $143.1 billion in client assets.

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